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Thursday, March 14, 2019

Townsquare Media (TSQ)

What Will It Take For The Shares To Break Out?

Townsquare Media Inc is an entertainment and media company offering digital marketing solutions in the United States and Canada. It owns and operates radio stations, social media properties focusing the small and mid-cap companies. Services offered to the clients include live events, local advertising, digital advertising, e-commerce offerings, few others.

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Over-delivers on Q4. Revenues were better than expected at $108.9 million versus our $105.1 million estimate, on the strength of its Digital businesses. Operating cash flow (adj. EBITDA) was better than expected at $23.9 million versus our $23.2 million estimate.

Provides favorable guidance. The company guided Q1 revenue between $92 million and $94 million (better than our $89.3 million estimate) and adj. EBITDA of $17.5 million to $18.5 million (better than our $17.0 million estimate). Full year revenue guidance of $445 million to $455 million is better than our $428.2 million estimate and adj. EBITDA guida...

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*Analyst certification and important disclosures included in full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.